People who say President Obama is anti-Wall Street don’t understand how the revolving door between Big Business and Washington works.
Newsweek is about to detail this for those who don’t still get it. Click here to read the details in The Daily Beast. If you’ve wondered why so few Wall Street titans have gone to prison, or why so little has been done to stop the foreclosure crisis, Newsweek is spelling it all out.
Anybody running for president needs two things denominated in the millions: Dollars and votes. The way to accumulate both of these things is to publicly say denigrating things about Wall Street and Big Business, for the benefit of the voters, while privately telling the fat cats you will protect them.
So far, Obama has proven better at this game than any Republican. For all the hype about our president being a socialist, he is clearly a better capitalist than his critics.
Good luck, Mitt Romney. You’ve got keen competition. Maybe you should be the Democrat.